Canadian Imperial Bank (CM) Tops Q3 Earnings and Revenue Estimates

Core Viewpoint - Canadian Imperial Bank reported quarterly earnings of $1.57 per share, exceeding the Zacks Consensus Estimate of $1.43 per share, and showing an increase from $1.41 per share a year ago, representing an earnings surprise of +9.79% [1][2] Financial Performance - The bank's revenues for the quarter ended July 2025 were $5.28 billion, surpassing the Zacks Consensus Estimate by 3.09%, and up from $4.82 billion year-over-year [2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance - Canadian Imperial Bank shares have increased approximately 19.1% since the beginning of the year, outperforming the S&P 500's gain of 10.2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.42 on revenues of $5.16 billion, and for the current fiscal year, it is $5.92 on revenues of $20.75 billion [7] Industry Outlook - The Zacks Industry Rank for Banks - Foreign is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]